PUBLISHER: TechNavio | PRODUCT CODE: 1915612
PUBLISHER: TechNavio | PRODUCT CODE: 1915612
The global AI for debt collection market is forecasted to grow by USD 2771.5 mn during 2024-2029, accelerating at a CAGR of 15.0% during the forecast period. The report on the global AI for debt collection market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing operational efficiency and cost reduction, enhanced customer experience and compliance adherence, advanced data analytics and predictive capabilities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope | |
|---|---|
| Base Year | 2025 |
| End Year | 2029 |
| Series Year | 2025-2029 |
| Growth Momentum | Accelerate |
| YOY 2025 | 12.7% |
| CAGR | 15% |
| Incremental Value | $2771.5 mn |
Technavio's global AI for debt collection market is segmented as below:
By Component
By Deployment
By Sector
By Application
Geography
This study identifies the escalating digital transformation and automation in financial services as one of the prime reasons driving the global AI for debt collection market growth during the next few years. Also, growing sophistication of AI and machine learning algorithms and increasing pressure to optimize operational costs and enhance customer experience will lead to sizable demand in the market.
The report on the global AI for debt collection market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global AI for debt collection market vendors that include Analog Legalhub Technology Solutions Pvt. Ltd., Chetu Inc., collect Artificial Intelligence GmbH, Debtist GmbH, Experian Plc, Fair Isaac Corp., Finvi, IC System Inc, InDebted Holdings Pty Ltd, Intellect Design Arena Ltd., Intelligent Contacts Inc, LexisNexis Risk Solutions., Loxon Solutions Zrt., PAIR Finance Group, Pegasystems Inc., QUALCO, Temenos AG, Tesorio Inc, TransUnion, TrueAccord. Also, the global AI for debt collection market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.